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Belarus’ 2016 surplus budget sums up to 1 BYN billion

Belarus’ 2016 surplus budget sums up to 1 BYN billion The surplus budget of Belarus in 2016 summed up to BYN 1 billion. The package of bills on ratifying the report of the main state administration of budget was passed by the delegates of the House of Representatives on June 21, 207.

It is necessary to say that 2016 was not an easy year for the economy. Amendments were made in process. In the end, the sustainability and the balance of the budget were preserved.

Lyudmila Dobrynina, Chairwoman of the Standing Commission on Budget and Finance of the House of Representatives of Belarus' National Assembly:
The tasks which were set before the budget were completed. The preservation of the social responsibility vector, redemption and management of national debt, and the support of national economy in compensating interest rates on loans, the support of exporters. The revenue budget is BYN 17.8 billion, the expense budget is BYN 16. 8 billion, the surplus is BYN 1 billion.

The delegates have also considered the Law “About Investment Funds”. A new instrument for foreign capital may appear in Belarus during the year. The documents foresee establishment of collective investments by means of mutual and incorporated investment funds.

Valery Borodenya, deputy chairman of the Standing Committee on Budget and Finance of the House of Representatives of the Belarusian National Assembly:
This instrument will let any person to understand the ups and downs of the stock market, the index changes, how to become an investor when entering investment funds and buying funds from investment funds. The work will be provided by specialists, by people who know what it is and who can evaluate the risks. It minimizes the risks of minor investors.

The delegates have also approved the Law “About Veterans”. According to the changes, their number will increase. Representatives of power-wielding agencies will be on the list as well.

Belarus’ 2016 surplus budget sums up to 1 BYN billion